The Council of the European Union has published Council Implementing Regulation (EU) No.709/2012 (the “Regulation”) concerning restrictive measures against Iran.

The Regulation provides that:

(a) certain persons shall be deleted from the list set out in Annex IX to Regulation (EU) No.267/2012 (i.e. the list which sets out those persons whose funds and economic resources are to be frozen);

(b) information concerning certain entities listed in Annex IX to Regulation (EU) No.267/2012 shall be amended; and

(c) certain persons and entities shall be deleted from the list in Annex IX and added to the list in Annex VIII to Regulation (EU) No.267/2012, following their designation by the United Nations Security Council.

The Regulation came into force on 3 August 2012. The full text can be found on the Europa website.